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Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA). ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. TradingView is not just for active traders; investors seeking data-driven insights and analytics can also benefit from the platform’s features.<\/p>\n<\/p>\n
Tradingview supports all currency pairs, thousands of international stocks and commodities, and most of the big indexes. It also supports many cryptocurrencies in case you want to trade them too. Before we cover the options, find all your account settings inside the Profile tab (1). As it says, this shows important economic news on the chart via a small circle with a flag and number.<\/p>\n<\/p>\n
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Look here to see net profit, max total draw-down, Sharpe ratio, winning trades vs losing trades, average risk to reward ratio among other important stuff. If you click List of Trades to the right, you can even get a trade by trade breakdown, giving you even more info about your strategy. I sometimes use this to keep little reminders on what price is up to, in case I need to get something down quickly, but you could use it to keep a trading plan or even as your own personal trading diary. All your notes get saved to the cloud, so you don\u2019t have to worry that they\u2019ll get deleted every-time you leave the site. Screen assets according to new highs and lows, biggest percentage gains, indicator changes\u2026 really advanced stuff, considering it\u2019s free.<\/p>\n<\/p>\n
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Use them as the default settings, even if you set up your chart differently to how I\u2019m about to show you. The stuff I change here are mainly small things that get rid of unnecessary information or tell us stuff we don\u2019t need to see. I\u2019ve used a few paid testers in my time \u2013 Ninjatrader, Forextester 4, to name a few \u2013 and this almost matches them.<\/p>\n<\/p>\n
It doesn\u2019t have every feature they do, but it comes pretty damn close, even beating them in some aspects I\u2019d say. These tools, some of which you have to pay for on other sites, will save you a huge amount time and make your trading life a whole lot easier. For all you stock traders\/investors out there, a calendar showing upcoming earning announcements also shows.<\/p>\n<\/p>\n
Here you can customize, create, and tinker with indicators and strategies to your heart\u2019s content. So to the right of the tabs mentioned above, you\u2019ll see a long list of different buttons\u2026. Like all the tabs on the right menu, you can re-size the watch-list box to make it smaller or wider\u2026. Just click one of the edges and then drag inwards or outwards to re-size the box to your liking. If the chart gets too crowed with lines, zones, retracements, and the like, click the little eye (5) to hide everything \u2013 click it again to bring it back. To wipe the chart of all studies, drawings, and indicators, hit the trash can button.<\/p>\n<\/p>\n
Personally, I don\u2019t use these much \u2013 I\u2019m more of a lone wolf type of trader \u2013 but they are there if you want to use them. They know a thing or two about calculated risk and reward \u2014 just like our users. We make most of our money only through low cost monthly subscriptions and ads. Harness the power of the world’s most popular financial analysis platform. And when you\u2019re operating on that level, you better make damn sure you\u2019ve got only the best data.<\/p>\n<\/p>\n
Click the little bar icon to change the chart type, like I showed earlier. Tradingview has few interesting chart types here, like the Renko and Kagi, but the candlestick works best for price action, so stick to that. All the key short, medium and long term timeframes you need in trading feature here, including many you don\u2019t tend to see on other platforms \u2013 it even has 1-second charts, for all you scalpers out there. We\u2019ll start with the top bar menu \u2013 or main menu as I like to call it. Your first port of call after opening a pair, this menu contains all the important options for changing the chart.<\/p>\n<\/p>\n